Lumax Industries Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 31, 2012 at 08:51 am
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Lumax Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales of INR 2,272.752 million against INR 215,918.4 million a year ago. Profit from operations before other income and interest was INR 21.321 million against INR 101.091 million a year ago. Profit before tax was INR 2.164 million against INR 79.697 million a year ago. Net profit was INR 16.427 million against INR 60.117 million a year ago. Basic and diluted earnings per share were INR 1.76 against INR 6.43 a year ago.
For the nine months period, the company reported net sales of INR 6,866.591 million against INR 6,000.023 million a year ago. Profit from operations before other income and interest was INR 132.794 million against INR 261.304 million a year ago. Profit before tax was INR 79.361 million against INR 206.767 million a year ago. Net profit was INR 80.329 million against INR 153.284 million a year ago. Basic and diluted earnings per share were INR 8.59 against INR 16.40 a year ago.
Lumax Industries Limited is an India-based provider of automotive lighting solutions. The Company is engaged in the manufacturing and trading of automotive components. The Company's wide range of product portfolio include end-to-end lighting solutions, such as headlamps, tail lamps, fog lamps, and other lighting components and auxiliary lamps, among others. In addition to lighting products, it also manufactures electronic components for 4-wheelers, 2-wheelers, commercial vehicles, and tractors in the farm equipment segment (FES). The Company sells mainly through business to business (B2B) model to original equipment manufacturers (OEMs). The Company caters to automobile manufacturing in Indian and global markets. The Company, including its associate company, SL Lumax Limited, has 11 manufacturing facilities that are spread across six states in India. Its subsidiary is Lumax Industries Czech s.r.o.